Name
Michael
Member since
August 2017
On-time repayments
70 installments • 70%
I am young entrepreneur building an online bargain retail business. This started as a way to make ends meet in university but has growth to become a source of income beyond school.
The business is called Below 1000 as it sells items below ksh 1000. This is an attainable price for the majority of the population despite low incomes. I source quality affordable items and sell them.
I want to use the money to buy the bags at wholesale prices to reduce my costs drastically and enable my profitability to increase. Right now I am buying them at a price very close to retail price and the margins are barely livable
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$16.00
Date disbursed
Sep 19, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.